Needham Maintains Buy on Semtech, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Semtech (NASDAQ:SMTC) and raises the price target from $38 to $50.
June 06, 2024 | 9:44 am
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Needham analyst Quinn Bolton maintains a Buy rating on Semtech and raises the price target from $38 to $50, indicating strong confidence in the company's future performance.
The raised price target from $38 to $50 by a reputable analyst suggests a positive outlook for Semtech's future performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100